PepsiCo and Philip Morris In Trading Focus Prior to Earnings

PepsiCo, Inc. (NYSE:PEP) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for profit of $1.13 per share, a rise of 7.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 6.3% versus last year to $4.39.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net income of $1.31 per share versus a mean estimate of $1.29. Two quarters ago, it reported profit of $1.21 per share. On average, analysts predict $19.92 billion in revenue this quarter, a rise of 9.7% from the year ago quarter. Analysts are forecasting total revenue of $66.32 billion for the year, a rise of 14.7% from last year’s revenue of $57.84 billion.

Competitors to Watch: The Coca-Cola Company (NYSE:KO), Dr Pepper Snapple Group Inc. (NYSE:DPS), Coca-Cola Enterprises Inc. (NYSE:CCE), Hansen Natural Corporation (NASDAQ:HANS), Reed’s, Inc. (NASDAQ:REED), Cott Corporation (NYSE:COT), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NYSE:USA) (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Fomento Economico Mexicano SAB (NYSE:FMX).

Philip Morris International (NYSE:PM) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for net income of $1.08 per share, a rise of 11.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.03. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.08 during the last month. For the year, analysts are projecting profit of $4.85 per share, a rise of 25.3% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 14 cents, reporting net income of $1.37 per share against a mean estimate of profit of $1.23 per share. Analysts are projecting a rise of 4.7% in revenue from the year-earlier quarter to $7.37 billion.

Competitors to Watch: Altria Group, Inc. (NYSE:MO), Reynolds American, Inc. (NYSE:RAI), Lorillard Inc. (NYSE:LO), Vector Group Ltd. (NYSE:VGR), British American Tobacco (AMEX:BTI), Imperial Tobacco Group PLC (ITYBY), Star Scientific, Inc. (NASDAQ:CIGX), Alliance One Intl., Inc. (NYSE:AOI), and Universal Corporation (NYSE:UVV).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com